DBM Monthly Review: Calibration Drops by More than 90 Percent! In October, the scale of component collection fell off a cliff.

In October, , according to incomplete statistics of digital new energy DataBM. Com, In October, the total number of photovoltaic module procurement projects that have been announced as winning bids and candidates for winning bids has reached about 2. The capacity of calibration has decreased by 42.6% compared with September. Compared with 51.12 GW in October 2024, the

price range in October was 0.64-0.Meanwhile, the prices of upstream silicon wafers and batteries showed a downward trend recently. In the last two months of 2025, the market will continue to face some downward pressure .

(For details of the last monthly review, see ". Three of them exceed 10GW ( China Nengjian 17.0 GW, Huadian Group 16.9 GW, State Power Investment Corporation 12. Compared with the same period last year, the scale of centralized procurement of central state-owned enterprises has contracted significantly this year, and the overall market demand has contracted rapidly.

High-power component procurement accounts for the majority, mostly 620W and above

. From the distribution of component technology routes, the calibration projects in October mainly focus on N-type components . Among them, TOPCon components account for 21. In terms of component power preference, the purchase demand for power requirements above 600 W is significantly higher than that below 600 W. The power preference of centralized procurement projects reflected in

October coincides with the hot products in the distributed market, and the 620W + component products in the current distributed market are more popular. Some 640W + component products even have high prices and long waiting time. According to Digital New Energy DataBM,

Jingao, Tongwei and Xiexin are in the top three.

According to Digital New Energy DataBM, Jingao Technology, Tongwei Stock and Xiexin Integration ranked the top three in the calibration capacity of photovoltaic module collection projects in October. In contrast, in October

2024, about 12 enterprises won the bid with a capacity of more than 1 GW. Among them, the head enterprises such as Jingke Energy, Tongwei Stock and Longji Green Energy have a monthly calibration capacity of 4.

The bidding price curve is stable, and the upstream raw material price is weakening.

According to the incomplete statistics of the digital new energy DataBM. Com, In October, the price range was 0.64-0.81 yuan/W , and the price range was stable as a whole, but there was a loosening. Highest price, average price and lowest price changed by -5.35%, -0.56%, -1.

The highest price appeared in the photovoltaic module procurement project of the EPC general contracting project of the 4.06 MW distributed photovoltaic power generation project of Baishazhou Water Plant in Wuhan. Hunan Red Sun New Energy Technology Co., Ltd. reported the lowest price of 0.in the base station photovoltaic module equipment procurement project of Hunan Branch of Iron Tower Energy in 2025-2026. Jiangsu Jiangdong Solar Energy Technology Co., Ltd. reported 0.

It is worth noting that the upstream cost side has recently shown a downward trend, and the prices of silicon wafers, batteries and other links have loosened , which is expected to be gradually transmitted to the component links. The follow-up will face some downward pressure.

Follow-up outlook: demand continues to weaken, prices are under downward pressure, "betting" on overseas markets and domestic grid-connected at the end of the year? 04 GW, 7.36 GW, 9. This feature was also confirmed in the component procurement market, and the overall order size in the third and fourth quarters decreased significantly compared with the same period last year. Especially in October, the scalar quantity is only 2.

have recently declined." Component price cost support is weakened ; At the same time, according to the survey of the Digital New Energy DataBM. Com, due to the general landing situation of the previous price increase plan, some component manufacturers have started the "impulse" task of the distributed market at the end of the year ahead of schedule. The transaction price of TOPCon components of the head brand in the distribution market has dropped by 0.01-0. The downward atmosphere of component distribution market loosening, coupled with the "freezing" of demand, may affect the price stability of components in the centralized procurement market.

However, although the current downstream installation and procurement market is not hot, the demand at the end of the year will still be slightly driven by the traditional grid-connected nodes, and the order volume at the end of the year still has a small growth opportunity.

Under the background of weak domestic component market, many enterprises have adjusted their strategies since the middle of the year, focusing on overseas markets. Many head manufacturers revealed that the focus of the current market layout is shifting to outside China. According to the public statistics of enterprises, as of the third quarter of 2025, the overseas shipments of TOPCon component head enterprises accounted for 50-60% , and the overseas shipments of BC component head manufacturers accounted for 40-50% . However, it is worth noting that as the end of the year approaches, the overseas market is also about to enter the off-season.

On the whole, the market will continue to be under pressure at the end of the year, while the expectations of photovoltaic module companies for the turning point of market recovery are generally invested in 2026. Jingao Technology revealed that the component market is expected to pick up in the second quarter of 2026. Hengdian Dongci said bluntly: "If the supply side still maintains the existing relatively sufficient volume, Q4 and the first half of next year's domestic component prices will not rebound too well.". In addition, JinkoSolar pointed out on the future market growth point: the Chinese market may decline slightly on a month-on-month basis, while overseas markets such as Europe, the Middle East and Latin America will provide the main growth drivers.